Meeting and convention business was so strong in the Providence/Warwick area in the second half of 2015 that it pushed up demand for rooms for the individual traveler, in turn driving up room rates.
Turmoil returned to financial markets as oil plunged past $27 a barrel, the Dow Jones Industrial Average sank 550 points and global equities approached a bear market that is fueling a rush into haven assets.
By Stephen Kirkland and Jeremy Herron Bloomberg News
(Updated 10:18 a.m. and 2:05 p.m.)
A six-month research effort on Rhode Island’s economy delved into the Ocean State’s past as an industrial leader, its struggles during the Great Recession and its need to innovate to move forward again.